ACM Forex is a company of Swiss origin. Established in 2002, it has headquarters in Geneva, in Switzerland and has branches all over the world in places like New York, Montevideo and Dubai. It is, without a doubt, one of the world’s largest Forex brokerage companies, and its ACM Forex trading platform is especially renowned for its features and simplicity of use. Many a Forex investment fund and global traders have opened at least one account with them. Let’s now take a detailed look at ACM markets Forex and ACM Forex trading platform.
Main Features of ACM Forex Trading Platform
ACM’s Advanced Trader has been designed to provide a user-friendly interface to traders new to the market, while at the same time maintaining the capabilities needed for professional trading as well. The software interface is fully customizable – empowering investors and traders to tailor the platform to their specific needs, trading styles and markets.
The main features of the ACM Forex trading platform include:
1. Desktop application – downloads to your PC
2. Manage complex orders including contingency orders
3. Sophisticated analysis and charting tools for better decision making
4. Robust monitoring tools – for printing an array of different financial reports
5. FX Insider – streaming marketing analysis directly from ACM’s strategy desk
ACM provides Forex trading software, real time currency exchange rates, Forex news and Forex analysis on the currency market. It has obtained the best Forex trading platform award for the year 2007.
Important Trading Information about ACM Forex
Although ACM Forex offers several different, versatile trading platforms to its customers, it has also been reported that none of them are particularly intuitive for trading. All said, Advanced Trader is highly customizable. Web Trader allows you to access the platform online from any PC, though how it’s laid out can be confusing for beginners. Flash Trader is available for those who prefer to use Flash applications.
There are many other important things that you’ll need to know when trading through ACM beyond the software that’s involved for trading. These are listed below for your review.
1. The minimum trading deposit is $2,000 and hence only serious Forex traders will want to sign up for a full-fledged trading account with ACM.
2. Due to strict Swiss regulations and laws, it is impossible to sign up completely through the ACM website. Instead, part of the process can be performed digitally – but hard copies of the signed paperwork must still be mailed to its head office. The process can therefore be quite cumbersome to begin with.
3. Demo or Practice accounts at ACM are free and start with a balance of $100,000. They offer all of the same capabilities as real, live accounts and are a great way to learn the ropes at ACM. It would really make sense for you to sign up for a free demo account with ACM to familiarize yourself with ACM and its trading platforms before commencing any live trading with them.
4. Though ACM’s dealing desk is fully operational and is readily available to assist traders as needed, it offers no express guarantees or promises regarding trading against their own customers.
5. The maximum leverage that is allowed at ACM is 100:1. However, using the maximum leverage is generally not recommended owing to safety reasons.
6. ACM offers no slippage on stop orders, which is definitely a huge plus for many traders. Trailing stops are permitted on the ACM trading platform, so traders do not have to miss out on that important feature.
7. ACM does not publish an extensive or easy-to-read list of its trading spreads. It however does offer an average of three pip spreads for the four most popular currency pairs. Also, spreads as low as 0.5 pips are available in a few cases and that’s probably one of ACM’s biggest selling points.
The Bottom-line
ACM Forex trading platform is not for those who prefer intuitive trading interfaces in their trading platforms won’t find them here. However, those with the assets and the experience to handle a neat Forex trading platform that offers competitive spreads will find themselves perfectly at home here.